Whitbread (OTCMKTS:WTBDY) Sees Strong Trading Volume – Here’s What Happened

Whitbread PLC – Sponsored ADR (OTCMKTS:WTBDY) shares saw strong trading volume on Tuesday . 40,131 shares were traded during mid-day trading, an increase of 111% from the previous session’s volume of 19,044 shares.The stock last traded at $8.58 and had previously closed at $8.52.

Analyst Ratings Changes

Several analysts recently commented on the company. Deutsche Bank Aktiengesellschaft lowered Whitbread from a “buy” rating to a “hold” rating in a research note on Wednesday, December 3rd. Jefferies Financial Group cut Whitbread from a “buy” rating to a “hold” rating in a report on Friday, December 12th. Morgan Stanley restated an “overweight” rating on shares of Whitbread in a research note on Wednesday, September 3rd. Peel Hunt raised shares of Whitbread to a “strong-buy” rating in a report on Thursday, October 16th. Finally, Sanford C. Bernstein downgraded shares of Whitbread from a “strong-buy” rating to a “strong sell” rating in a report on Friday, November 28th. One research analyst has rated the stock with a Strong Buy rating, two have given a Buy rating, two have assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Whitbread has a consensus rating of “Moderate Buy”.

Whitbread Stock Up 0.4%

The stock has a 50 day moving average price of $8.94 and a two-hundred day moving average price of $9.86.

Whitbread Company Profile

Whitbread plc is a UK-based hospitality company primarily engaged in hotel and restaurant operations. Its flagship brand, Premier Inn, is one of the largest budget hotel chains in the United Kingdom, offering standardized accommodation across city centre and suburban locations. In addition to hotels, Whitbread operates a portfolio of food and beverage outlets, including family-oriented restaurants and pubs that cater to both leisure and business travellers.

The company’s hotel portfolio comprises hundreds of properties in the UK, alongside an established presence in Germany and select international markets under the Premier Inn banner.